GIN

This script synthesizes the results for different domestic and international carbon policies in GIN. There are two groups of counterfactuals considered: changes in policies in all sectors and how this affects all GHG and changes in policies in only the EITE sectors (paper, petroleum and coke, chemical products, non-metallic minerals, iron and steel, non-ferrous metals, electricity) and how this affects CO2 emissions.

These results assume a social cost of carbon equal to $163 and a carbon price equal to $163 (click here to view the results at different carbon prices).

The countries we study are listed below. Each link will take you to an in-depth, country level analysis.

Our counterfactuals are split into two parts.

Part 1

CTF1: Setting tariffs to bilateral mean (Shapiro)

CTF2: Setting tariffs to OECD mean

CTF3: Carbon policy

CTF4: Carbon policy + CBAM

Part 2

CTF5: Large country coalition

CTF6: Large country coalition + developing country respond with equivalence

CTF7: Large country coalition + developing country respond without equivalence

GIN baseline description

In this section, we describe the baseline characteristics for GIN prior to any counterfactual policies.

Income

The sources of income can be broken down into 8 categories: Value added, deficits, and revenues from tariffs, production taxes, labor taxes, material taxes, and consumption taxes. The graph below depicts the different sources of income for GIN in the baseline.

Trade flows

This section describes the trade flows for GIN by sector and trade partners.

The graph below depicts the imports and exports by sector.

The first map below depicts from where GIN is importing from and the second map depicts to which country they are exporting to.

Final consumption

The graph below represents the final consumption shares for GIN in each sector.

Emissions

This section describes the level of emissions in GIN from the baseline. There are four greenhouse gasses we consider: CO2, CH4, N2O, and FGAS.The first graph represents the level of emissions by dissaggregated sector and type. The second graph depicts the emissions intensities (tons of CO2 equivalent per dollar produced) due to CO2 and from all GHG.

Part 1

This section describes the results from the counterfactual analyses when applied to EITE sectors and only from CO2 emissions.

Income

Prices

Trade flows

% Change in imports

% Change in exports

Emissions

Welfare

Part 2

Income

Prices

Trade flows

% Change in imports

% Change in exports

Emissions

Welfare